SHA:688656 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	57.84	63.34	121.63	163.47	153.8	449.86
Trading Asset Securities	-	-	-	-	135.23	5.01
Cash & Short-Term Investments	57.84	63.34	121.63	163.47	289.03	454.87
Cash Growth	-38.57%	-47.92%	-25.60%	-43.44%	-36.46%	673.38%
Accounts Receivable	44.33	56	48.61	41.5	32.38	37.48
Other Receivables	1.08	1	2.41	3.94	5.54	3.66
Receivables	45.41	57	51.02	45.44	37.92	41.15
Inventory	111.99	107.08	111.22	111.22	87.8	68.2
Prepaid Expenses	-	0.11	-	-	-	-
Other Current Assets	12.32	8.27	8.25	8.09	8.23	5.75
Total Current Assets	227.57	235.79	292.12	328.21	422.98	569.97
Property, Plant & Equipment	658.68	667.65	705.71	578.68	485.27	259.74
Other Intangible Assets	10.89	11.06	10.08	11.86	12.59	12.17
Long-Term Accounts Receivable	-	-	-	0.05	0.1	0.62
Long-Term Deferred Tax Assets	1.9	2.06	4.13	2.47	1.78	1.63
Long-Term Deferred Charges	9.81	10.4	12.12	11.58	16.25	10.27
Other Long-Term Assets	3.99	4.34	8.65	16.4	5.52	9.52
Total Assets	912.83	931.3	1,033	949.26	944.49	863.92
Accounts Payable	15.84	14.02	44.59	23.91	9.37	9.37
Accrued Expenses	14.59	29.33	37.98	34.98	31.06	29.4
Short-Term Debt	30.03	45.01	105.07	50.02	50.01	20.02
Current Portion of Leases	-	1.23	1.1	4.8	5.67	5.51
Current Income Taxes Payable	-	1.23	3.33	4.67	1.53	2.33
Current Unearned Revenue	13.8	13.3	12.71	14.62	13.33	13.54
Other Current Liabilities	8.4	4.42	5.16	2.74	41.89	6.01
Total Current Liabilities	82.65	108.54	209.94	135.75	152.86	86.17
Long-Term Debt	-	-	8	-	-	-
Long-Term Leases	1.43	1.15	1.53	1.03	9.74	5.35
Long-Term Unearned Revenue	2.04	1.6	1.2	1.74	2.49	2.4
Long-Term Deferred Tax Liabilities	-	-	-	-	0.04	0
Total Liabilities	86.13	111.3	220.67	138.52	165.13	93.92
Common Stock	63.48	63.48	63.06	63.06	63.06	63.06
Additional Paid-In Capital	572.59	566.07	562.98	553.46	550.62	549.35
Retained Earnings	210.52	210.34	205.82	193.92	165.51	157.49
Treasury Stock	-20.01	-20.01	-20.01	-	-	-
Comprehensive Income & Other	0.13	0.13	0.29	0.29	0.18	0.1
Shareholders' Equity	826.7	820.01	812.14	810.73	779.36	770
Total Liabilities & Equity	912.83	931.3	1,033	949.26	944.49	863.92
Total Debt	31.46	47.39	115.69	55.86	65.43	30.88
Net Cash (Debt)	26.38	15.95	5.93	107.61	223.6	423.99
Net Cash Growth	-	168.84%	-94.49%	-51.88%	-47.26%	2762.22%
Net Cash Per Share	0.41	0.25	0.09	1.68	3.54	6.89
Filing Date Shares Outstanding	59.15	62.68	62.26	62.72	63.06	63.06
Total Common Shares Outstanding	59.15	62.68	62.26	63.06	63.06	63.06
Working Capital	144.91	127.26	82.18	192.46	270.12	483.8
Book Value Per Share	13.98	13.08	13.04	12.86	12.36	12.21
Tangible Book Value	815.82	808.95	802.06	798.87	766.77	757.83
Tangible Book Value Per Share	13.79	12.91	12.88	12.67	12.16	12.02
Buildings	-	499.28	512.37	20.53	20.53	17.34
Machinery	-	324.91	337.17	249.06	214.57	167.93
Construction In Progress	-	0.06	4.83	422.97	325.75	128.88

Source: S&P Global Market Intelligence. Standard template. Financial Sources.